---
title: What's the difference between a sale and an administrative transfer?
description: A sale moves an SPV interest to an unrelated party. An administrative transfer moves it between related parties with nothing sold. Learn which rules apply to each.
---

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# What's the difference between a sale and an administrative transfer?

A sale moves an interest to an unrelated party. An administrative transfer moves it between related parties, such as an investor and their own trust, and nothing is sold.

Only sales count toward the [PTP 2% limit](https://help.sydecar.io/ptp-safe-harbor?hsLang=en) and need a [90-day holding period](https://help.sydecar.io/90-day-holding-period?hsLang=en).

Administrative transfers include transfers to an entity you control, a trust, a spouse or family member, and transfers after a death or divorce or for estate planning.

Sydecar treats every transfer as a sale unless it's confirmed as administrative. See [How do administrative (affiliate) transfers work?](https://help.sydecar.io/administrative-transfers?hsLang=en)

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